Don’t File for Social Security Until You Hear This!

17/10/2025 18 min Temporada 1 Episodio 18

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Episode Synopsis

In this episode of Retire and Thrive, Kamie and Dan wrap up their three-part Social Security series with practical insights that could save you thousands in retirement.They break down why timing your benefits matters more than you think, how your spouse’s income plays into your decision, and why Social Security isn’t just about what you’ve saved—but the income you live on.You’ll also learn:Why so many people take Social Security too earlyWhat to consider before making your electionHow health, lifestyle, and longevity factor into your strategyThe biggest myths about Social Security “running out”Stay tuned until the end for what’s coming next—a deep dive on taxes in retirement!🎧 Hosted by Kamie and Dan — where we help you live your life with purpose, wealth, and confidence.🕒 Timecodes0:00 – Intro0:25 – Welcome to Retire and Thrive — Episode 18!0:46 – Fall vibes and golf talk 1:55 – Wrapping up the Social Security series2:20 – The #1 takeaway when thinking about Social Security3:01 – Why taking Social Security is not one-size-fits-all3:50 – Take the decision seriously — and analyze your options4:01 – Do most people collect at 62 or 63?4:24 – The danger of taking benefits too early5:07 – Lifestyle and health at 62 vs. 826:00 – The real goal: Don’t run out of money—and live life while you can6:36 – “Get it before I lose it” mentality — is it true?7:08 – How health and lifestyle impact longevity7:43 – Key reminders for married couples about Social Security8:22 – Factoring in taxes and income sources9:02 – Delaying Social Security can change your legacy plan9:49 – Social Security as income replacement10:09 – The 4% rule and what it really means11:03 – Why Social Security can be worth $1.2M in retirement value11:49 – Income matters more than total savings12:04 – Is there a lump sum option for Social Security?12:36 – Revisiting myths about Social Security “going away”13:25 – Will Social Security still be around for younger generations?14:14 – Why it’ll probably change, not disappear15:41 – The politics of Social Security reform16:10 – Wrapping up: Key takeaways16:13 – Next week’s topic: Taxes!18:07 – Final sign-off and disclaimer#RetireAndThrive #SocialSecurity #RetirementPlanning #FinancialFreedom #RetirementAdvice #SocialSecurityMyths #WealthWithConfidence #DanAndKamie #FinancialPodcast